William Stone
$3.8B
Born
Apr 09, 1955
Age
70
Source of Wealth
Software
Residence
East Lyme, Connecticut
Citizenship
United States
Marital Status
Married
Children
3
Education
Bachelor of Arts/Science, Marquette University
- Bill Stone started financial-software firm SS&C Technologies in 1986 with the $20,000 he had saved from his days as a KPMG executive.
- His product became popular among asset managers, bankers and insurers who wanted to electronically manage their books.
- He guided the firm to an IPO in 1996, but the dot-com crash nearly crippled the company in 2001.
- Stone refocused and added services such as data centers, then took the company private in 2005.
- In 2011, a resurgent SS&C went public again; Stone remains the firm's largest individual shareholder, with a 15% stake.
- Between June 1999 and December 2001, SS&C went from 610 to 250 employees, as the markets crashed.
- The Evansville, Indiana native was the captain of his high school football team.
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